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Mr mc rule - PowerPoint PPT Presentation

Monopoly

Monopoly. Overview. Monopoly means one seller. In perfect competition many sellers were price takers. Any one seller could not influence the price of the product in the market. The competitive firm could only choose what amount to sell.

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465 views • 36 slides

Chapter 5 & 6 .2.1 Main Monopoly

Chapter 5 & 6 .2.1 Main Monopoly. REVENUE. Revenue curves when price varies with output (downward-sloping demand curve). Revenues for a firm facing a downward sloping demand curve. REVENUE. Revenue curves when price varies with output (downward-sloping demand curve) average revenue (AR).

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456 views • 35 slides

4 Market Structures

4 Market Structures. Candy Markets Simulation. FOUR MARKET STRUCTURES. Pure Monopoly. Perfect Competition. Monopolistic Competition. Oligopoly. Every product is sold in a market that can be considered one of the above market structures. For example: Market for wheat

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620 views • 26 slides

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Mr mc rule - PowerPoint PPT Presentation

Monopoly

Chapter 5 &amp; 6 .2.1 Main Monopoly

4 Market Structures

Chapter 5 & 6 .2.1 Main Monopoly